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"It's Time for a fair Chance' for the Farmer"
Here is a brief outline of the "FAIR CHANCE" farm program
advocated by Karl E. Mundt
A Permanent Farm Program
For a Prosperous Farm People
The ten planks listed below comprise the "Fair Chance Farm Program" as developed and advocated by Karl
Mundt. Based on the cost of production program and the guarantee of the State Republican Platform, its
adoption will bring to Agriculture "A New Day—the American Way." Please study this program and then hear
Mundt explain it in detail as he speaks during the campaign.
KARL E. MUNDT
A Liberal Republican
FEED AMERICA WITH AMERICAN FARM PRODUCTS. Competitive and substitute farm imports must be
curtailed and a protective tariff restored on them instead of present Trade Pacts which are giving our markets
to foreign farmers. This protective tariff should equal the landed cost of any such imports and the domestic
parity price of the products they would replace, plus freight to nearest rate basing points so the competitive
position of American farmers will be preserved in our great coastal markets.
A A JUST PRICE FOR A FULL CROP is the goal the Government should achieve for the farmer. The time has
come to fix a floor below which farm prices can not go. We must have legislation guaranteeing him the cost
of production, with profit, for the products he raises for domestic consumption. Our farm problem is basicly
a price problem and this program assures the farmer a fair price and a fair chance.
I INCREASE COMMODITY LOANS TO 75 PERCENT OF PARITY, principal to be callable only at parity.
Loans should be high enough to prevent setting a "low ceiling" on farm prices. Interest rates to farmers
should be reduced to correspond to interest rates to other industries. "Parity" as used above refers to the
1926 buying power of farm products.
R REDUCED MARKETING AND TRANSPORTATION COSTS must be secured for the farmer so that the spread
between the price of products ON THE FARM and the same products IN THE TERMINAL MARKETS can
be reduced. A dollar saved is a dollar earned. The western farmer is entitled to a fair chance in the seaboard markets.
C CROP INSURANCE SHOULD BE DEVELOPED ON A BUSINESS-LIKE BASIS so the farmer is given the same
opportunity to insure against disasters of Nature as is now available to business and industry. Society should
share in the risks from Natural Causes undertaken by the men who feed society.
H HONEST HELP TO THE HONEST FARMER—this is the rightful province of the Government. To that end,
Seed and Feed loans should be scaled down and amortized over a period of years without interest. Or let
them be repayable in kind. Hog-processing taxes should be refunded. Government help to honest farmers
should NEVER become a handicap instead of a help regardless of weather conditions or price levels.
A A FARM FOR EVERY FARMER AND A FARMER FOR EVERY FARM. Agriculture and all America thrives
best as we approach this goal. Facilities should be provided along lines proposed by the Frazier-Lemke Bill
for land purchase by owner-operators at interest rates giving the farmer the full advantage of the Governent's low-interest borrowing power.
P NO COMPULSION AND NO PENALTIES. The "Fair Chance Farm Program" rewards the farmer for his
honest efforts and encourages his cooperation. A farm program should never punish the farmer for noncompliance nor deprive him of the right to run his own farm according to the dictates of his own experience. It should encourage production and fair prices and not reward a program of scarcity or destruction.
C CONSERVE WATER AS A PUBLIC ASSET. Water is the Number 1 asset of the Plains States. It should be
impounded as flood prevention and crop management wherever possible. As a public asset, water should be
conserved as a public responsibility and Government encouragement of soil conservation and tree planting
should continue. A Government survey should be made of the entire Missouri River watershed and all feasible steps taken to use its great possibilities for irrigation, power and navigation. Today South Dakota's
section of the Missouri is "America's longest stretch of neglected river."
E ENLARGE THE MARKET FOR FARM PRODUCTS BY ADDING FACTORY MARKETS to the foodmarkets
for the products of the farm. The Government should aid by subsidy if necessary new industries opening up
new markets for farm products. New Wealth is the basis of all economic progress and the farm is the greatest producer of New Wealth.
Please see other side for explanation of how the "Fair Chance Program" applies to other problems besides agriculture.

The work from which this copy was made did not include a formal copyright notice. This work may be protected by U.S. copyright law (Title 17, United States Code), which governs reproduction, distribution, public display, and other uses of protected works. Some uses may be legal with permission from the copyright holder, if the copyright on the work has expired, or if the use is fair use or within another legal exemption. The user of this work is responsible for compliance with the law. All use of DLSD material and content, whether utilized under fair use or used with written permission to publish, must name the University Archives, Karl Mundt Library, Dakota State University as the original source for the material.

The work from which this copy was made did not include a formal copyright notice. This work may be protected by U.S. copyright law (Title 17, United States Code), which governs reproduction, distribution, public display, and other uses of protected works. Some uses may be legal with permission from the copyright holder, if the copyright on the work has expired, or if the use is fair use or within another legal exemption. The user of this work is responsible for compliance with the law. All use of DLSD material and content, whether utilized under fair use or used with written permission to publish, must name the University Archives, Karl Mundt Library, Dakota State University as the original source for the material.

Date Digitized

2009-10-06

Transcript

"It's Time for a fair Chance' for the Farmer"
Here is a brief outline of the "FAIR CHANCE" farm program
advocated by Karl E. Mundt
A Permanent Farm Program
For a Prosperous Farm People
The ten planks listed below comprise the "Fair Chance Farm Program" as developed and advocated by Karl
Mundt. Based on the cost of production program and the guarantee of the State Republican Platform, its
adoption will bring to Agriculture "A New Day—the American Way." Please study this program and then hear
Mundt explain it in detail as he speaks during the campaign.
KARL E. MUNDT
A Liberal Republican
FEED AMERICA WITH AMERICAN FARM PRODUCTS. Competitive and substitute farm imports must be
curtailed and a protective tariff restored on them instead of present Trade Pacts which are giving our markets
to foreign farmers. This protective tariff should equal the landed cost of any such imports and the domestic
parity price of the products they would replace, plus freight to nearest rate basing points so the competitive
position of American farmers will be preserved in our great coastal markets.
A A JUST PRICE FOR A FULL CROP is the goal the Government should achieve for the farmer. The time has
come to fix a floor below which farm prices can not go. We must have legislation guaranteeing him the cost
of production, with profit, for the products he raises for domestic consumption. Our farm problem is basicly
a price problem and this program assures the farmer a fair price and a fair chance.
I INCREASE COMMODITY LOANS TO 75 PERCENT OF PARITY, principal to be callable only at parity.
Loans should be high enough to prevent setting a "low ceiling" on farm prices. Interest rates to farmers
should be reduced to correspond to interest rates to other industries. "Parity" as used above refers to the
1926 buying power of farm products.
R REDUCED MARKETING AND TRANSPORTATION COSTS must be secured for the farmer so that the spread
between the price of products ON THE FARM and the same products IN THE TERMINAL MARKETS can
be reduced. A dollar saved is a dollar earned. The western farmer is entitled to a fair chance in the seaboard markets.
C CROP INSURANCE SHOULD BE DEVELOPED ON A BUSINESS-LIKE BASIS so the farmer is given the same
opportunity to insure against disasters of Nature as is now available to business and industry. Society should
share in the risks from Natural Causes undertaken by the men who feed society.
H HONEST HELP TO THE HONEST FARMER—this is the rightful province of the Government. To that end,
Seed and Feed loans should be scaled down and amortized over a period of years without interest. Or let
them be repayable in kind. Hog-processing taxes should be refunded. Government help to honest farmers
should NEVER become a handicap instead of a help regardless of weather conditions or price levels.
A A FARM FOR EVERY FARMER AND A FARMER FOR EVERY FARM. Agriculture and all America thrives
best as we approach this goal. Facilities should be provided along lines proposed by the Frazier-Lemke Bill
for land purchase by owner-operators at interest rates giving the farmer the full advantage of the Governent's low-interest borrowing power.
P NO COMPULSION AND NO PENALTIES. The "Fair Chance Farm Program" rewards the farmer for his
honest efforts and encourages his cooperation. A farm program should never punish the farmer for noncompliance nor deprive him of the right to run his own farm according to the dictates of his own experience. It should encourage production and fair prices and not reward a program of scarcity or destruction.
C CONSERVE WATER AS A PUBLIC ASSET. Water is the Number 1 asset of the Plains States. It should be
impounded as flood prevention and crop management wherever possible. As a public asset, water should be
conserved as a public responsibility and Government encouragement of soil conservation and tree planting
should continue. A Government survey should be made of the entire Missouri River watershed and all feasible steps taken to use its great possibilities for irrigation, power and navigation. Today South Dakota's
section of the Missouri is "America's longest stretch of neglected river."
E ENLARGE THE MARKET FOR FARM PRODUCTS BY ADDING FACTORY MARKETS to the foodmarkets
for the products of the farm. The Government should aid by subsidy if necessary new industries opening up
new markets for farm products. New Wealth is the basis of all economic progress and the farm is the greatest producer of New Wealth.
Please see other side for explanation of how the "Fair Chance Program" applies to other problems besides agriculture.